Colliers: National retail vacancy rate hits 4.3% in Q3

Retail vacancy continued to remain near historic lows in the third quarter.

New data from Colliers found that the national retail vacancy rate dipped to 4.3%, a decrease of 10 basis points, in the period as limited new supply continues to keep availability tight. Net absorption reached 10.5 million square feet in the third quarter, the highest quarterly total since 2023, supported by continued retailer expansion and the backfilling of available space. 

By property type, malls saw 1.9 million square feet of absorption, while shopping centers had 3 million square feet and general retail saw 5.4 million square feet get absorbed. Mall vacancy was 8.2% to end the third quarter, while shopping centers had a vacancy rate of 5.4%....   ...more

RSK: Retail demand remains strong mainly due to not much new space is hitting the market.